FDIC Inks 171,000 SF Office Lease at 3701 North Fairfax Drive in Arlington

3701 N. Fairfax
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Agency to locate various operations at newly renovated, energy efficient facility

Cushman & Wakefield today announced the completion of a 171,000-square foot office lease at 3701 North Fairfax Drive in Arlington, Virginia. Cushman & Wakefield’s team was Brian Tucker, Moe Hamilton, Eric Berlin, John Dragelin and Kyle McFadden, who represented the landlord, Ambassador, Inc., a related entity of the Morris & Gwendolyn Cafritz Foundation.

“We are delighted to accommodate the FDIC at our newly renovated facility at 3701 North Fairfax Drive,” said Calvin Cafritz, Chairman of the Morris & Gwendolyn Cafritz Foundation. “The FDIC’s decision to locate various operations at the property validates the building’s premier location, efficient floor-plate design, targeted LEED Gold Certification, state-of-the-art energy systems and quality management.”

“Our success was a direct result of the efforts and support of the entire project team – the Foundation, Borger Management, project manager CCS, renovation building architect GTM, general contractor Structuretone and tenant planner ASD, which enabled FDIC to meet its immediate and future needs,” said Brian Tucker, Executive Managing Director of C&W.

The tenant, FDIC, was represented by David Houck and Whitney Aaronson of Jones Lang LaSalle.

Prominently located in the heart of the Rosslyn-Ballston Corridor and adjacent to the Virginia Square Metro Station, 3701 North Fairfax Drive is a 10-story, 175,000-square-foot office building with ground floor retail. Ambassador, Inc. recently completed a total building renovation after the recent departure of long-time tenant Defense Advanced Research Projects Agency (DARPA) who relocated to a larger nearby headquarters facility.

The scope of the building renovations includes exterior entrance and façade upgrades, a new lobby and vestibule, a new state-of-the-art HVAC system, new tenant common areas on all floors, updated restrooms, a fifty person conference facility, fitness center, and potential additional first-floor dining and retail amenities.